U.S. mining giant Freeport McMoRan Copper and Gold Inc is still awaiting government approval to export copper concentrate from its huge copper mine in Indonesia, a spokewoman said on Monday.
Indonesia introduced the controversial ban on Sunday on a range of raw mineral ores in order to force companies to build processing plants on Indonesian soil, but policy confusion remains.
"While waiting to receive all new government regulations, that we anticipate to be issued soon, PTFI (Freeport) has not received a renewed export approvals effective Jan. 12," company spokeswoman Daisy Primayanti told Reuters in a text.
Freeport Indonesia CEO Rozik Soetjipto told Reuters on Sunday that he believed the company would be allowed to continue shipping copper concentrate, but was awaiting government confirmation. Freeport union officials say the firm had not made a copper shipment from its Papua complex since Dec. 15.
Read more:Korab completes asset sale
Junior metals developer Korab Resources has completed the sale of its Melrose and Darlot East projects, in Western Australia.
In October, Korab agreed to sell the two gold projects for A$1.5-million to an unnamed Australian miner, selling the leases, prospecting licences, rights to mine and all information and contracts for both projects.
The Melrose project, which is about 400 km north of Kalgoorlie, is estimated to host a resource of 339 000 oz, while the Darlot East project is in close proximity to the Darlot and Centenary gold mines.
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